After costs, if the gap returns to its 7d average, $10k−$55
spread now−0.139%7d average−0.052%fees + slippage, in and out−$47spread needed0.467%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JUP_USDC_PERP | 0.2952 | 0.0100 | pay 0.0013% / 1h | 0m 04s | $979K | $261K | 10x |
| Short | Bybit JUPUSDT | 0.2948 | −0.0005 | pay 0.0003% / 4h | 1h 00m | $16.5M | $23.1M | 50x |
Backpack JUP_USDC_PERP
Bybit JUPUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$13.89
- Funding while held
- −$3.17
- Slippage, 4 orders
- −$25.66
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$63.71
- Spread needed to break even
- 0.467%
Slippage from Backpack: live order book, 15 min ago; Bybit: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0106%
- Per $10,000 a day
- −$3.16
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 15 min ago | 0.34 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.69 bp | 12.9 bp −$13 | 35.3 bp −$353 | 345.4 bp −$34.5K | doesn't fit |
JUP price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2924cheapestHTX0.2945+0.718%
Injective
HTXBybit0.2948+0.821%
Variational Omni0.2949+0.840%Gate0.2949+0.855%Aevo0.2950+0.881%Nado0.2950+0.889%OKX0.2950+0.889%Bitget0.2950+0.889%BingX0.2950+0.889%Reya0.2950+0.892%Extended0.2950+0.896%Paradex0.2950+0.904%Binance0.2951+0.923%MEXC0.2951+0.923%Pacifica0.2951+0.929%GMX0.2952+0.957%ApeX Omni0.2952+0.958%Orderly0.2952+0.958%BloFin0.2952+0.958%
Variational Omni
Gate
Aevo
Nado
OKX
Bitget
BingX
Reya
Extended
Paradex
Binance
MEXC
Pacifica
GMX
ApeX Omni
Orderly
BloFinBackpack0.2952+0.961%
Bulk0.2952+0.974%Aster0.2953+0.975%01 Exchange0.2953+0.982%gTrade (Gains Network)0.2953+0.983%Deribit0.2953+0.985%KuCoin0.2953+0.992%dYdX0.2953+0.994%Kraken Futures0.2954+1.026%Lighter0.2955+1.047%Polymarket Perps0.2955+1.064%Hyperliquid0.2955+1.070%Phoenix0.2956+1.094%Phemex0.2957+1.129%Coinbase International0.2958+1.173%
Bulk
Aster
gTrade (Gains Network)
Deribit
KuCoin
dYdX
Kraken Futures
Lighter
Polymarket Perps
Hyperliquid
Phoenix
Phemex
Coinbase InternationalJUP on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective JUP/USDC PERP | −0.952% | +0.0053% | 1h | $4K | $66K | 5.5x | as long as short |
| HTX JUP-USDT | −0.241% | +0.0100% | 4h | $111K | $69K | 20x | as long as short |
| Bybit JUPUSDTshort | −0.139% | −0.0005% | 4h | $16.5M | $23.1M | 50x | |
| Variational Omni JUP | −0.119% | +0.0100% | 4h | $713K | $1.2M | — | as long as short |
| Gate JUP_USDT | −0.105% | −0.0144% | 4h | $753K | $1.9M | 75x | as long as short |
| Aevo JUP-PERP | −0.080% | +0.0104% | 1h | $40K | — | 3x | as long as short |
| Nado JUP-PERP | −0.071% | +0.0100% | 1h | $593K | $638K | 10x | as long as short |
| OKX JUP-USDT-SWAP | −0.071% | +0.0010% | 4h | $4.1M | $16.4M | 50x | as long as short |
| Bitget JUPUSDT | −0.071% | +0.0100% | 4h | $5.6M | $8.7M | 75x | as long as short |
| BingX JUP-USDT | −0.071% | +0.0100% | 4h | — | $21.2M | — | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya JUPRUSDPERP | −0.069% | +0.0057% | 1h | — | — | 20x | as long as short |
| Extended JUP-USD | −0.064% | +0.0512% | 1h | $2.2M | $520K | 25x | as long as short |
| Paradex JUP-USD-PERP | −0.057% | +0.0089% | 8h | $9K | $15K | 10x | as long as short |
| Binance JUPUSDT | −0.037% | +0.0100% | 4h | $16.5M | $56.1M | 75x | as long as short |
| MEXC JUP_USDT | −0.037% | +0.0100% | 4h | $8.4M | $8.0M | 200x | as long as short |
| Pacifica JUP | −0.032% | +0.0100% | 1h | $281K | $165K | 10x | as long as short |
| GMX JUP/USD [WBTC.b-USDC] | −0.004% | L −0.0463% / S +0.0168% | 1h | $13K | — | 100x | as long as short |
| ApeX Omni JUPUSDT | −0.003% | +0.0100% | 1h | $157K | $321K | 50x | as long as short |
| Orderly PERP_JUP_USDC | −0.003% | +0.0096% | 4h | $24K | $40K | 10x | as long as short |
| BloFin JUP-USDT | −0.003% | +0.0067% | 4h | $888K | $265K | 50x | as long as short |
| Backpack JUP_USDC_PERPlong | 0.000% | +0.0100% | 1h | $979K | $261K | 10x | |
| Bulk JUP-USD | +0.012% | +0.0100% | 1h | $58K | $3K | 10x | as long as short |
| Aster JUPUSDT | +0.014% | +0.0100% | 4h | $106K | $367K | 10x | as long as short |
| 01 Exchange JUPUSD | +0.020% | +0.0136% | 1h | $26K | $19K | 5x | as long as short |
| gTrade (Gains Network) JUP/USD | +0.021% | L +0.0002% / S −0.0001% | 1h | $16K | — | 150x | as long as short |
| Deribit JUP_USDC-PERPETUAL | +0.024% | 0.0000% | 1h | $57K | $13K | 10x | as long as short |
| KuCoin JUPUSDTM | +0.030% | +0.0100% | 4h | $4.1M | $7.4M | 50x | as long as short |
| dYdX JUP-USD | +0.032% | +0.0186% | 1h | $39K | $41K | 5x | as long as short |
| Kraken Futures PF_JUPUSD | +0.065% | −0.0120% | 1h | $560K | $558K | 20x | as long as short |
| Lighter JUP | +0.085% | +0.0096% | 1h | $863K | $1.2M | 10x | as long as short |
| Polymarket Perps JUP-USD | +0.102% | +0.0100% | 1h | $93K | $145K | 10x | as long as short |
| Hyperliquid JUP | +0.108% | +0.0100% | 1h | $18.9M | $14.2M | 10x | as long as short |
| Phoenix JUP | +0.132% | +0.0055% | 1h | $47K | $383K | 10x | as long as short |
| Phemex JUPUSDT | +0.166% | +0.0100% | 4h | $2.9M | $4.1M | 50x | as long as short |
| Coinbase International JUP-PERP-INTX | +0.210% | +0.0256% | 1h | $75K | $91K | 50x | as long as short |